QMX Gold Announces Resignation
TORONTO, ONTARIO -- (Marketwire) -- 01/07/13 -- QMX GOLD CORPORATION
(TSX:QMX)(OTCQX:QMXGF) ("QMX Gold" or the "Company") announces that
Mark Eaton has resigned as a director on the board of directors of
the Company effective December 31, 2012 (the "Resignation") to comply
with internal governance standards with respect to the number of
boards on which certain officers should sit.
The Company would like to thank Mr. Eaton for his contribution to the
Company's board of directors during his tenure.
About QMX Gold
QMX Gold Corporation is a Canadian publicly traded mining company
focusing on mine development and exploration in Quebec and Manitoba.
The Company is listed on the Toronto Stock Exchange and effective
July 5, 2012, began trading under the symbol "QMX", and trades in the
United States on the Over the Counter QX International platform under
the symbol "QMXGF".
QMX Gold continues to operate in the Val-d'Or area with production
estimated at 18,000-20,000 ounces of gold per year. The Company has
also begun to ramp-up pre-production activities at its property at
the Snow Lake Mining Camp which has a Measured and Indicated Mineral
Resource of 5.4 million tonnes grading 4.45 g/t Au for approximately
720,000 oz of gold. Snow Lake Mine is expected to produce 80,000
ounces of gold per year. Full details are outlined in the Technical
Report titled "Snow Lake Mine Re-activation Project" dated December
10, 2010 and prepared by: Andre Roy (Eng.) Jamie Lavigne (P.Geo),
David West (P.Eng), Ian Ward (P.Eng), Matthew Parfitt (P.Eng), Mark
Bednarz (P.Geo), which is available on the SEDAR profile of the
Company at www.sedar.com.
Technical programs and scientific and technical information included
in this release have been supervised, compiled, reviewed and approved
by David Rigg, P.Geo., the Chairman of the Company and a Qualified
Person as defined under NI 43-101.
This press release contains "forward-looking information" within the
meaning of applicable Canadian securities legislation.
Forward-looking information includes, but is not limited to,
statements (express or implied) regarding the anticipated effects or
impact of the Resignation on the Company or its business and/or with
respect to the
projected use of proceeds, the ability to secure
alternative financing options, the timing and amount of future
exploration and development of the property, the timing and amount of
future production, and the future financial or operating performance
of QMX Gold and its projects. Generally, forward-looking information
can be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words and
phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied by
such forward-looking information, including but not limited to those
risks described in the annual information form of the Company, which
is available under the profile of the Company on SEDAR. Although the
Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be
no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking information. The Company does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
QMX Gold Corporation
President and CEO
(416) 309-2952 or Toll free: +1 877-717-3027
QMX Gold Corporation
(514) 667-2304 or Toll free: +1 877-717-3027
QMX Gold Corporation
(416) 861-5899 or Toll free: +1 877-717-3027
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